Responding to the Government’s announcement on the budget for Contracts for Difference (CfD) auction round 6 (AR6), Energy UK’s Chief Executive Emma Pinchbeck said:

“The Government has listened to the energy industry about the need to deliver on the country’s ambitions for low carbon power with plans to deliver greater capacity from established renewables technologies like solar, onshore and offshore wind, as well as investing in new, emerging technologies like tidal, geothermal and floating offshore wind. 

“It’s particularly welcome that the Government has recognised the economic and market conditions facing offshore wind developers. A big increase in the budget for AR6 means investing more in homegrown sources of clean power that will bolster our energy security and reduce emissions – and bring wider economic benefits across the country. While we still face an uphill battle to meet the 2030 target for 50GW of offshore wind, today has sent out an important signal in the face of growing international competition for investment and will help re-establish the UK as a leader in offshore wind.”